1726 Poplar AveMemphis, TN 38112

  • Healthcare properties
  • 3,179 SF
For Sale

Property Details for 1726 Poplar Ave

Year built
1950
Lot size
0.35 AC
Property size (Sq ft)
3,179 SF
Zone code
CMU-3
Property type
Healthcare properties
Property subtype
Medical offices
APN
020-063- - -00018-C
APU
02006300018C

Description

This exceptional 6,700 square foot single-story office building, located at 1726 Poplar Avenue, presents a unique opportunity. Situated on a 0.35-acre lot (15,246 square feet), this Class B property boasts a spacious layout ideal for a variety of uses, including traditional office and medical practices. The entire building, comprising a single suite, is currently vacant and available for immediate occupancy. With a 16-foot ceiling height, the space offers ample room for customization and efficient workflow. The building features 50 parking spaces, providing convenient access for staff and clients. Built in 1950, the structure benefits from a flexible CH zoning designation in Shelby County. The building's floor plan is easily adaptable to suit diverse needs, making it an attractive option for businesses seeking a functional and well-located space. The property's location on Poplar Avenue, with its convenient access to N. Evergreen Street, ensures high visibility and accessibility. The building's floor-to-area ratio (FAR) is 0.44. This is a rare opportunity to acquire a fully vacant, single-tenant building in a desirable location. The property is ready for immediate renovation or occupancy.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $458,044
    6.5%
    $422,809
    7%
    $392,609
  • Comparable approach

    Method
    Valuation
    Relative Method
    $247,835
    Geo Method
    $247,835
  • Alternative Use

    Use
    Valuation
    Residential
    $524,284
    Hospitality
    $480,241
    Educational
    $399,555
    Medical
    $413,296
    Retail
    $621,530
1726 Poplar Ave, Memphis, Tennessee

Location Insight

City
Memphis
County
Shelby
State
Tennessee
Latitude
35.1431
Longitude
-90.0028
CBSA code
32820
CBSA name
MEMPHIS, TN-MS-AR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$20,924
$47,400
$296,080
$343,480
-
$118,500
$740,200
$858,700

FAQs

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